Slide 1: Trading Update November 2019
Trading Update November 2019
Slide 2: Key Messages & Financial Highlights
Key Messages & Financial Highlights • Good profit delivery ... improved Q3 momentum 9M Sales • Positive underlying construction demand ... +9% €21.8bn Europe & North America +4% LFL • Disciplined capital management ... ... €2bn divestments; €0.7bn bolt-on acquisitions 9M EBITDA +27% ... ongoing shar
Slide 3: Market Backdrop – Europe & North America
Market Backdrop – Europe & North America • Positive construction activity across main markets • UK impacted by political uncertainty • Good momentum in Infrastructure activity ... solid underlying demand in Res & Non-Res markets • Favourable pricing environment … focus on commercial management & cos
Slide 4: Americas Materials – Trading Performance
Americas Materials – Trading Performance • Positive US infrastructure backdrop ... State & Federal funding underpinned LFL % Change YoY • Q3 volume recovery following weather-impacted Q2 H1 9M • Good operating leverage … Sales +2% +4% ... commercial discipline & cost control EBITDA +3% +9% ... perfo
Slide 5: Europe Materials – Trading Performance
Europe Materials – Trading Performance • Q3 trading ... continuation of H1 trends LFL % Change YoY • Main markets performing well … H1 9M strong growth in EE … UK remains challenging Sales +6% +6% • 9M cement volumes ahead … momentum maintained EBITDA +2% +2% • Progress on pricing … supporting cost
Slide 6: Building Products – Trading Performance
Building Products – Trading Performance • Continuation of positive H1 momentum LFL % Change YoY • Good progress in Europe & North America … H1 9M solid demand & price improvements across all markets Sales +3% +3% • Margin expansion … ... cost action & performance improvement EBITDA +8% +7% ... portf
Slide 7: FY 2019 EBITDA Expectations
FY 2019 EBITDA Expectations LFL % Americas Europe Building Group Chg Materials Materials Products H1 +3% +2% +8% +5% 9M +9% +2% +7% +7% in excess of FY 2019E … continuation of 9M trends … €4.15bn CRH plc, Trading Update 6
Slide 8: FY 2019 Balance Sheet ... Key Components
FY 2019 Balance Sheet ... Key Components 1.4 1.6 1.7 1.5 €7bn ~€7bn €5.4bn Net FY18 Net Cash Dividends/ Net Debt IFRS 16 FY19E Divestments/ Net Debt Inflow Buybacks pre-IFRS 16 Transition Net Debt Acquisitions <2.1x <2x Net Debt / EBITDA CRH plc, Trading Update 7
Slide 9: Key Takeaways
Key Takeaways FY EBITDA to be Profit improvement programme in excess of €4.15bn progressing well 2020 outlook ... Efficient capital allocation ... ... positive underlying demand ... improving returns & cash environment to continue CRH plc, Trading Update 8
Slide 10: Appendices
Appendices
Slide 11: Cement Volumes & Pricing
Cement Volumes & Pricing 9M YoY % Change Volumes Price (LC) 9M YoY % Change Volumes Price (LC) Finland - = Slovakia ++ ++ France + + Spain = ++ Germany - + Switzerland - + Legend >5% ++ Hungary -- ++ Ukraine + ++ 2% to 5% + Ireland ++ + United Kingdom = + -1% to +1% = -5% to -2% - Poland ++ ++ North
Slide 12: Americas Materials Volumes & Prices
Americas Materials Volumes & Prices Total Heritage 9M YoY % Change Volumes Price Volumes Price Aggregates +6% +5% +1% +5% Asphalt Flat +6% Flat +6% RMC +12% +4% +2% +4% CRH plc, Trading Update 11
Slide 13: Disclaimer
Disclaimer In order to utilise the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, CRH public limited company (the “Company”), and its subsidiaries (collectively, “CRH” or the “Group”) is providing the following cautionary statement. This document cont
Slide 14: CRH plc Investor Relations
CRH plc Investor Relations Stonemason’s Way Rathfarnham Dublin 16 D16 KH51 Ireland Telephone: +353 1 404 1000 Email: ir@crh.com Website: www.crh.com CRH plc, Trading Update 13